Metals decline on thin buying support

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Mumbai, Apr 25 (UNI) Both the metal categories further declined today on lack of fresh demand and bearish global advice from London Metal Exchange (LME) along with Delhi, Kolkata, Indore and other centres, traders at the Bombay Metal Exchange (BME) said.

In the ferrous metal category, copper heavy and copper utensils were down by Rs 100 per quintal each on heavy selling pressure, traders said.

However, brass utensils, brass cuttings and aluminium utensils remained flat on moderate demand.

In the non-ferrous metal category, a downward trend was observed as key metals like copper wire bars, zinc slab and lead ingot moved down.

Copper wire bars and zinc slab eased by Rs 100 per quintal each amid absence of demand.

Lead ingot also drifted lower by Rs 100 per quintal on poor buying support, traders added.

Following are the spot metal prices per quintal: Ferrous metals: copper heavy - Rs 36,600, copper utensils - Rs 33,000, brass utensils - Rs 25,300, brass cuttings - Rs 26,300 and aluminium utensils - Rs 11,200.

Non-ferrous metals: copper wire bars - Rs 40,100, aluminium ingots - Rs 14,400, zinc slab - Rs 11,800, lead ingots - Rs 12,700, tin slab - Rs 1,065 per kg and nickel cathode - Rs 1,375 per kg.


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